UK inflation fell barely final month as lodge costs dipped and tobacco prices eased.
Costs rose 2.5% within the yr to December, down from 2.6% the month earlier than, the Workplace for Nationwide Statistics (ONS) stated.
Regardless of the drop, the speed of value rises stays above the Financial institution of England’s goal.
The newest figures come after strain has elevated on public funds in latest days attributable to authorities borrowing prices hitting their highest stage for a number of years.
The worth of the pound has additionally slumped in opposition to the US greenback, prompting criticism of the chancellor, Rachel Reeves, over her dealing with of the financial system and Finances tax rises.
Grant Fitzner, chief economist of the ONS, stated whereas lodge costs had fallen final month, the worth decreases have been offset by the price of gas and second-hand vehicles rising.
Tobacco costs additionally elevated by lower than in December 2023, he added, which was an element within the general price of inflation coming down.
